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Global Fly Ash Market Is Projected to Be Around USD 11.0 Billion by the End of 2024

Global Fly Ash Market is projected to be around USD 11.0 billion by the end of 2024

 

Sarasota, FL -- (SBWIRE) -- 12/12/2018 -- Zion Market Research has published a new report titled "Fly Ash Market by Product Type (Class F and Class C), by Application (Portland Cement & Concrete, Bricks & Blocks, Road Construction, Agriculture, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2024". According to the report, global fly ash market was valued at approximately USD 3.0 billion in 2017 and is expected to generate revenue of around USD 11.0 billion by the end of 2024, growing at a CAGR of around 20.2% between 2018 and 2024.

The rapid development in the construction industry has led to the upsurge in the sale of fly ash and its products across the world. This rapid development is due to the increasing construction speed in the construction industry across the globe. The most important factor that is contributing to the growth and development of the market is the increased capital expenditure and investments in the construction industry across the globe. Over the years, there has been a significant improvement in the construction speed because of the one-time allocation of budget for infrastructure and industrial projects. The ongoing construction of smart cities coupled with rapid industrialization is fueling the growth of the market. This increasing demand is rather because of the changing lifestyle of the people across the globe. Moreover, the demand for fly ash market is growing in emerging economies that have increased their focus on infrastructure and roads. Advanced material properties, high durability, cost-effective, and environment-friendly are some of the factors responsible for the rising popularity of fly ash in the construction industry and its applications. Such factors are expected to drive the fly ash market growth over the forecast period.

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The fly ash market is segmented on the basis of product type into Class C and Class F. Class F segment held major revenue share in 2017. The growth is attributed due to its excessive usage in high strength concrete mixes which are required in building infrastructures and other commercial and industrial spaces.

Based on application, the fly ash market has been bifurcated into as Portland cement & concrete, bricks & blocks, road construction, agriculture, and others. Bricks and blocks segment is expected to contribute for significant revenue share in 2017. The easy availability coupled with the cost-effectiveness of the product will increase demand for the product. Moreover, the product has attributes such as high compressive strength, zero efflorescence, low water absorption, and high strength-to-weight ratio.

Asia Pacific is experiencing the highest CAGR in the global fly ash market and the region is expected to continue with its regional superiority over the forecast period. The growth of this regional market is attributed due to rapid industrialization and urbanization happening across the region due to increasing demand for better infrastructure. Moreover, the region is a manufacturing hub. Such factors are contributing to the growth of the market. Europe is to hold substantial revenue share in global fly ash market. The growth of the market is attributed because of the rising number of coal combustion electric power leading to increased production of fly ash in the region. In addition, the shrinkage of fly ash is very less which allows the construction players to prefer it instead of cement. Such factors are contributing to the growth and development of the global fly ash market.

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Some of the industry players operating in the fly ash market include Boral Limited, EMEX S.A.B. DE C.V, Pavcon, Nuvoco Vistas Corp Ltd., LafargeHolcim, Jayem Manufacturing Co., MR Enterprises, Puzzolana Green Bricks, Jebajeyam Brick Company, Paul Bricks, Pyramid Chemicals (P) Ltd., HansonDoha, NCL Group, and others.

This report segments the global fly ash market as follows:

Global Fly ash Market: Product Type Segment Analysis

Class F
Class C

Global Fly Ash Market: Application Segment Analysis

Portland Cement & Concrete
Bricks & Blocks
Road Construction
Agriculture
Others

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Global Fly Ash Market: Regional Segment Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

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